Published: 2025-06-26T10:56:07.000Z
Chart EUR/CAD Update: Fresh 7-year highs
Senior Technical Strategist
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Cautious trade has given way to anticipated gains
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.6326/28 | ** | June-July 2009 highs | S1 | 1.5900 | * | congestion | |
| R3 | 1.6200 | historic congestion | S2 | 1.5800 | congestion | |||
| R2 | 1.6150~ | ** | March 2018 (y) high | S3 | 1.5700 | break level | ||
| R1 | 1.6000 | ** | congestion | S4 | 1.5600 | * | congestion |
Asterisk denotes strength
11:30 BST - Cautious trade has given way to anticipated gains, with the break above 1.6000 posting a fresh 7-year high around 1.6060. Overbought intraday studies are unwinding and daily stochastics are flat in overbought areas, highlighting room for a test back below 1.6000. But the rising daily Tension Indicator and positive longer-term readings are expected to limit scope in renewed buying interest towards congestion support at 1.5900. Following cautious trade, fresh gains are looked for, with focus to turn to the 1.6150~ year high of March 2018.